LANCASTER — Prologis has signed a build-to-suit agreement for more than 1.2 million square feet of industrial space for a food and beverage company, located at Prologis Park 20/35 in Lancaster. At full build-out, Prologis Park 20/35 will include more than 3.1 million square feet. Construction of the facility is slated to begin in January 2013.
PLANO — Alliance Architects is leading the ongoing design efforts for the renovation and expansion of the existing Technology Services Data Center on behalf of the City of Plano. The facility is located adjacent to Plano's City Hall at 1117 E. 15th St. The new facility will provide technology, communication and data services to all Plano government services. The new project includes approximately 21,000 square feet of renovations, and the final project includes a Tier 3 data center, office support spaces, training areas, a receiving room, vehicle work areas, testing rooms and mechanical offices. Pacheco Koch Consulting Engineers and Brockette Davis Drake are providing engineering design services for the property. Turner Construction Co. is providing general construction services. The project is scheduled for a July 2013 completion.
LUBBOCK — Marcus & Millichap has arranged the sale of the 126-bed Whisperwood Nursing and Rehab Center, located at 5502 W. 4th St. in Lubbock. The property was listed for sale at $2.5 million. Rod Llanos and Doug O'Toole of Marcus & Millichap's Houston office represented the seller, a not-for-profit corporation, in the transaction. Llanos and O'Toole also represented the buyer, a limited liability company.
DALLAS — Dallas-based UCR Investment Sales has closed on the $33.6 million sale of four shopping centers located in the Dallas/Fort Worth area totaling 223,749 square feet. The properties include the 59,986-square-foot South Towne Crossing in Burleson, the 29,897-square-foot Lake Forest Crossing in McKinney, the 42,700-square-foot McDermott Towne Crossing in Allen and the 91,116-square-foot Beach Western Commons in Fort Worth. UCR represented the Retail Properties of America, the seller, in the South Towne, Lake Forest and McDermott Towne transactions. UCR also represented CNA Enterprises, the seller, in the Beach Western Commons transaction.
FORT WORTH — Gladstone Commercial Corp. has purchased the National Archives and Records Administration's 208,234-square-foot Southwest Region Records Center in Fort Worth for $20 million. The mission-critical property includes office and research space, as well as archival storage space. The long-term lease is fully guaranteed by the U.S. Government.
SAN ANTONIO — HFF has secured acquisition financing for Network Crossing, a five-building, 143,831-square-foot office property located at 5252 Prue Road in San Antonio. The property is 89 percent leased. Mona Carlton and Robert Wooten of HFF arranged the 10-year loan through Northwestern Mutual on behalf of the borrower, Live Oak-Gottesman Co.
GARLAND — NorthMarq Capital has arranged $1.4 million in first mortgage refinancing for the 32,000-square-foot Belt Line Retail, a shopping center located at 1225 Belt Line Road in Garland. Bart Dickinson of NorthMarq arranged the 25-year loan with a 25-year amortization schedule through a life insurance company lender.
HOUSTON — Complete Drilling Solutions has leased 97,000 square feet of industrial space at 5434 FM 1488 Magnolia in Houston. David Boyd of Boyd Commercial/CORFAC International represented the landlord, Silverstein Enterprises of Magnolia, in the lease transaction. Steve Kuper and Preston Yaggi of The National Realty Group represented the tenant.
CONROE — Levey Group will begin constructing a 14,000-square-foot office/warehouse facility in Conroe. The design/build project will house Oklahoma City, Okla.-based Kimray's Distributor division. Construction is slated to begin in January 2013.
GRAND PRAIRIE — Colliers International has arranged Delta Group Electronics' $1.5 million lease of 50,000 square feet of industrial space, located at 2920 N. Highway 360, Suite 100 in Grand Prairie. Tom Pearson and Chris Teesdale of Colliers International's Dallas office represented the tenant in the transaction. The landlord is TIAA.